Envisioning government intervention in a private health market

Economic relevance of the healthcare sector Healthcare merits a large proportion of government attention because it impacts everyone living in the UK, and in a substantial way. Everyone requires healthcare services at the beginning of their lives, towards the end of their lives, and when they fall sick. A good healthcare system contributes to a healthier population, which in of itself is an economic goal because economics concerns itself with welfare. People, it can safely be assumed, gain utility by being healthier. Ensuring that the population is healthy is also a means to ensuring another economic goal: better workforce productivity … Continue reading Envisioning government intervention in a private health market